The Canadian-based mining company, Aya Gold & Silver Inc, received regulatory approval from the Environmental Impact Assessment (EIA) for the expansion of its Zgounder Silver Mine, granted by Moroccan authorities.
“The granting of the EIA represents a major milestone for Zgounder,” said Benoit La Salle, CEO of Aya Gold & Silver, in a press release published this Monday.
“This approval, along with our robust expansion feasibility study, announced last week, provides us with enough comfort to order long-lead construction items. We would like to thank the Moroccan authorities and the communities who collaborated with us diligently throughout the process to deliver an expansion, which will benefit all stakeholders,” the CEO further stated in the press release.
In addition to its regulatory approval, the Canadian-based company also announced the partnership with Biotechnology for Sustainable Development in Africa Foundation (BDA), aimed at supporting and developing local agriculture businesses, in addition to providing access to international markets in the Sous-Massa-Draa region of Morocco.
“Further, we are pleased to concurrently announce our inaugural CSR partnership with the BDA Foundation, an international non-profit organization to support Ecopreneurs and local agricultural businesses in Morocco to succeed in Africa’s emerging botanical and agricultural industry, in the cosmetics, nutraceuticals, and biopharmaceuticals segments,” La Salle said.
This financial investment has significant economic and social benefits, and it highlights our commitment to deliver positive and measurable impacts to the community, including local job creation for the next five years, adds the CEO.
BDA’s approach to managing the resource supply chain in sub-Saharan Africa, with 17 years of experience, allows local entrepreneurs to capture profits, rather than traditional intermediaries.
As a result, eco-companies, led by local entrepreneurs, are trained, certified, and supported in the creation of local SMEs that create local jobs and contribute to the socio-economic inclusion of local populations.
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